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This past week, Twitter revealed 2010’s “Twitter Trends”—a snapshot of the top overall topics that have dominated the 95 million tweets a day* sent this past year from across the world. Twitter released the top trends overall—splitting up the top tweets into categories including news events, people, movies, television, technology, world cup, sports, and hashtags.

According to a recent blog post, Twitter explains the “Twitter Trends” process as “automatically generated by an algorithm that attempts to identify topics that are being talked about more right now than they were previously. The Trends list is designed to help people discover the ‘most breaking’ breaking news from across the world, in real-time. The Trends list captures the hottest emerging topics, not just what’s most popular.”

Further, Jodi Olsen (@jodiolson), in charge of Twitter’s Corporate Communications, in a separate Twitter blog post added in, “These Trends indicate the things that are most meaningful in our lives. Each day on Twitter, people tweet about news, sports, entertainment and cool new technology–and everything else in between. The list of 2010 Twitter Trends reflects what’s happening in our world, demonstrates the power of turning any event or story into a shared experience, and underscores Twitter’s value as a real-time information network.”

The overall Top 10 Twitter Trends of 2010 are as follows:

Gulf Oil Spill

FIFA World Cup

Inception

Haiti Earthquake

Vuvuzela

Apple iPad

Google Android

Justin Bieber

Harry Potter & the Deathly Hallows

Pulpo Paul

In addition to the top overall trends, Twitter compiled a list of the “10 Most Powerful Tweets.” Examining Twitter’s list of powerful tweets proved thought-provoking. It represents the various ways people use Twitter from the political world to disaster relief.

Conan O’Brien: “Hey Internet: I’m headed to your town on a half-a–ed comedy & music tour. Go to http://TeamCoco.com for tix. I repeat: It’s half-a–ed.” (http://twitter.com/ConanOBrien/)

While the list may appear simple: 10 tweets; the 140-character statements prove the real power of Twitter as a social medium. Twitter isn’t about easy mass-marketing or how many times you can tweet at your followers– the real power of Twitter is creating conversation, building authentic relationships, and most importantly tweeting to your followers. Not to mention, Twitter is the essence of viral marketing—no other social network can match Twitter’s effectiveness and speed in getting a message across to millions of people. In fact, according to a recent study by Pew Research Center about 8% of American adults who use the Internet are Twitter users. Twitter just may be the communication tool of the coming age.

So my fellow Tweeps— how’s your buzz level? What did you tweet about this year? Do you have a powerful tweet that’s missing from the list above to share with us? What was your breakthrough tweet this year? Please share your thoughts and top tweets of the year with us in the comments below.

U.S. companies spend for social media tied to customer loyaltyKatie Deatsch from InternetRetailer.com shares the results of a recent study from Colloquy and the Direct Marketing Association that found that the U.S. companies are willing to spend more of their budgets on social media when it’s tied to customer loyalty.